Method of Calculating Interest and Fees. Interest at the Prime Rate and any fee shall be computed on the basis of a year consisting of 365 days and paid for actual days elapsed, and interest at the LIBO Rate shall be computed on the basis of a year consisting of 360 days.
Appears in 6 contracts
Samples: Credit Agreement (Gulf Island Fabrication Inc), Credit Agreement (Gulf Island Fabrication Inc), Credit Agreement (Gulf Island Fabrication Inc)
Method of Calculating Interest and Fees. Interest at the Prime Rate and the Term Rate and any fee shall be computed on the basis of a year consisting of 365 days and paid for actual days elapsed, and interest at the LIBO Rate shall be computed on the basis of a year consisting of 360 days.
Appears in 1 contract
Samples: Credit and Term Loan Agreement (Gulf Island Fabrication Inc)
